Private Advisor Group LLC Lowers Position in iShares Global Financials ETF $IXG

Private Advisor Group LLC lessened its stake in shares of iShares Global Financials ETF (NYSEARCA:IXG) by 75.1% in the 1st quarter, HoldingsChannel.com reports. The firm owned 4,289 shares of the company’s stock after selling 12,935 shares during the period. Private Advisor Group LLC’s holdings in iShares Global Financials ETF were worth $489,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of IXG. BOKF NA bought a new position in shares of iShares Global Financials ETF in the third quarter worth about $37,000. Arax Advisory Partners bought a new position in shares of iShares Global Financials ETF during the 4th quarter valued at approximately $43,000. Blair William & Co. IL increased its holdings in iShares Global Financials ETF by 112.2% in the 3rd quarter. Blair William & Co. IL now owns 488 shares of the company’s stock worth $57,000 after acquiring an additional 258 shares in the last quarter. Barclays PLC purchased a new stake in iShares Global Financials ETF in the 4th quarter worth approximately $62,000. Finally, Steward Partners Investment Advisory LLC increased its holdings in iShares Global Financials ETF by 30.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 921 shares of the company’s stock worth $111,000 after acquiring an additional 215 shares in the last quarter.

iShares Global Financials ETF Trading Up 0.2%

NYSEARCA IXG opened at $131.77 on Friday. iShares Global Financials ETF has a 12 month low of $109.05 and a 12 month high of $131.82. The stock has a market cap of $619.32 million, a price-to-earnings ratio of 14.77 and a beta of 0.81. The company’s 50 day moving average is $124.21 and its two-hundred day moving average is $120.98.

iShares Global Financials ETF Company Profile

Ishares S&P Global Financials Sector Index Fund, formerly iShares Global Financials ETF (the Fund), is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of companies that Standard & Poor’s deems part of the financial sector of the economy and important to global markets, as represented by the S&P Global 1200 Financials Sector Index (the Index). The Index is a subset of the Standard & Poor’s Global 1200 Index. The Index includes major banks, diversified financial companies, insurance companies, real estate companies, savings and loan associations, and securities brokers.